AES' US-based clean energy development business to merge with AES and AIMCo-backed sPower.

AES' US-based clean energy development business agreed to merge with AES and AIMCo-backed sPower, an independent power producer that owns and operates a wind, solar, and storage portfolio. Financial terms were not disclosed. The merged renewables platform will bring together sPower's and AES' differentiated capabilities in solar, wind and energy storage to accelerate our customers' energy transitions.